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Nornickel posts strong profit due to rising metal prices
Nornickel posts strong profit due to rising metal prices Wed, 05 Aug 2026 08:53:25 +0800

Despite revenue growth, the company faced higher operating expenses due to currency appreciation, inflation, and increased mineral extraction taxes. However, constrained Indonesian ore supply will cause global refined nickel output to decline by 5% to 3.71 million tons in 2026 before rebounding by 5% to 3.88 million tons in 2027.

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